SQE 1 - Legal Services
What are reserves legal activities? - Answer-- Conduct of litigation
- Preparing court documents
- Administering the oath
Can a person acting on their own behalf carry out reserved legal activities? - Answer-Yes, even if they
aren't authorised.
What should firms consider when determining adequate and appropriate indemnity insurance? -
Answer-- Historic claims
- Value of matters the firm takes on each year
Does a freelance solicitor need to hold professional indemnity insurance? - Answer-No, unless they are
carrying out a reserved legal activity.
What are the ways a client can fund litigation? - Answer-- Private funding
- Conditional fee agreement
, - Damages based agreement
- Third-party funding
- Before the event insurance
- After the event insurance
- Union cover
- Civil legal aid
- Criminal legal aid
What is a conditional fee agreement? - Answer-The solicitor is entitled to standard time costs plus a
success fee expressed as a percentage of the standard time costs.
What is the maximum percentage chargeable on conditional fee agreement? - Answer-100%
What is a damages based agreement? - Answer-The solicitor is entitled to a percentage of the client's
recovery (D will be liable for the standard time costs and disbursements)
What is the maximum percentage chargeable on a damages based agreement? - Answer-25% for
personal injury
50% for all other cases.
What is third party funding? - Answer-Third party pays the solicitors costs and dis. but not the other
side's costs if the case is lost.
TP will recover an agreed fee out of the recovery on success, nothing if claim fails.
What is the before the event insurance? - Answer-Insurance purchased before the event being litigated
and includes an agreement to pay solicitors costs and dis.
What are reserves legal activities? - Answer-- Conduct of litigation
- Preparing court documents
- Administering the oath
Can a person acting on their own behalf carry out reserved legal activities? - Answer-Yes, even if they
aren't authorised.
What should firms consider when determining adequate and appropriate indemnity insurance? -
Answer-- Historic claims
- Value of matters the firm takes on each year
Does a freelance solicitor need to hold professional indemnity insurance? - Answer-No, unless they are
carrying out a reserved legal activity.
What are the ways a client can fund litigation? - Answer-- Private funding
- Conditional fee agreement
, - Damages based agreement
- Third-party funding
- Before the event insurance
- After the event insurance
- Union cover
- Civil legal aid
- Criminal legal aid
What is a conditional fee agreement? - Answer-The solicitor is entitled to standard time costs plus a
success fee expressed as a percentage of the standard time costs.
What is the maximum percentage chargeable on conditional fee agreement? - Answer-100%
What is a damages based agreement? - Answer-The solicitor is entitled to a percentage of the client's
recovery (D will be liable for the standard time costs and disbursements)
What is the maximum percentage chargeable on a damages based agreement? - Answer-25% for
personal injury
50% for all other cases.
What is third party funding? - Answer-Third party pays the solicitors costs and dis. but not the other
side's costs if the case is lost.
TP will recover an agreed fee out of the recovery on success, nothing if claim fails.
What is the before the event insurance? - Answer-Insurance purchased before the event being litigated
and includes an agreement to pay solicitors costs and dis.
